India Crypto Exchange CoinSwitch Kuber Halts Rupee Deposits: ET

Bengaluru-based cryptocurrency exchange CoinSwitch Kuber has temporarily halted accepting rupee deposits on its platform via the Unified Payments Interface (UPI) and other banking channels, The Economic Times reports.

• The move comes after National Payments Corporation of India’s (NPCI) statement on Thursday that they were “not aware of any crypto exchange using UPI” in the country after US-based Coinbase said it had rolled out a UPI service for its Indian users
• NPCI is an umbrella organization for operating retail payments and settlement systems in India. It has been set up as initiative of the Reserve Bank of India (RBI) and ...